Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.
Section 67 of the PA95 applies whenever a power to modify an occupational pension scheme is exercised to make a change (known as a “regulated modification”) which would or might adversely affect a member’s subsisting rights. ...
The scheme funding provisions contained in the PA04 require trustees to prepare a statement of funding principles (SFP) for ensuring, amongst other things, that the statutory funding objective (SFO) is met. The SFO requires a DB scheme to...
Background As part of the Government’s “Transparency and trust” reforms, The Small Business, Enterprise and Employment Bill (the Bill) is being introduced with a view to, among other things, precluding the appointment of corporate...
Introduction Transfers are emerging as one of the key issues for members of both DB and DC schemes when accessing the flexibilities promised by George Osborne in the March 2014 budget. Anecdotally few occupational DC schemes are likely to...
Introduction Revised disclosure regulations (“the new regulations”) will come into force on 6 April 2014. In this Alert: Key points Background The new regulations What’s new? Action Key points The new disclosure regulations...
Introduction There is growing evidence of a rise in pension liberation schemes and the systematic targeting of vulnerable members. This is not new; such schemes have been around for many years but often become more aggressive during times...
